A Sample of Assistant Professors on the Business Faculty at State

question 7

Multiple Choice

A sample of assistant professors on the business faculty at state supported institutions in Ohio revealed the mean income to be $72,000 for 9 months with a standard deviation of $3,000. Using Chebyshev's Theorem, what proportion of the faculty earns more than $66,000 but less than $78,000?

• A) At least 50%
• B) At least 25%
• C) At least 75%
• D) At least 100%

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Definitions:

Enterprising

Showing initiative, willingness to undertake new ventures, and the ability to think creatively and innovatively.

Generate And Exploit

A strategy that involves creating new ideas, products, or processes and making use of them to achieve competitive advantage or market success.

Minimize Or Shed

Strategies employed to reduce, remove, or delegate non-core business activities or assets to focus on primary objectives.

Opportunity-Seeking Processes

The methodologies or approaches used by individuals or organizations to identify and exploit potential opportunities for growth or improvement.